1420 16th St Active Save Request In-Person Tour Request Virtual Tour
Miami Beach,FL 33139
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,460 sqft
Price per Sqft $644
Subdivision Bay Lincoln
MLS Listing ID A11659446
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1955
Annual Tax Amount $26,840
Tax Year 2023
Property Sub-Type Quadruplex
Property Description
Prime South Beach Development Opportunity! Miami Beach. Private Bay-access street steps to Lincoln Road. Income-producing 4-plex with immediate cash flow + major redevelopment potential. Zoned RM-2: Build up to 60 ft (6 stories), 2.0 FAR, approx. 10,000 sq ft buildable area, up to 10 units. Permitted uses: luxury multifamily, townhomes, boutique hotel, or short-term rentals (with BTR). Features (2) 2BR/2BA & (2) 2BR/1BA units, hurricane-impact windows/doors, upgraded electrical, new PVC pipes, balconies/porches, 4 parking spaces. Fully leased with long-term tenants. Well-maintained, no repairs needed. The street does not flood. Proof of funds + NDA required. Do not disturb tenants.
Location
State FL
County Miami-dade
Community Bay Lincoln
Area 32
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Hardwood,Tile,Wood
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat,Tile
Total Parking Spaces 4
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 02-32-33-023-0130
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11659446